Investors' Soapbox AM

Sandy Trims Insurer Target Prices

Credit Suisse says an $8 billion insured loss could result from the hurricane.

November 1, 2012

Credit Suisse

In light of the prolonged power outages expected due to hurricane Sandy, we wanted to clarify that most standard Commercial Business Interruption insurance riders do not cover losses of income due to a power outage when the outage is caused by a city-wide power disruption, as is the case with Sandy in many areas.